Caprock Group LLC Has $3.36 Million Stake in Spotify Technology $SPOT

Caprock Group LLC trimmed its position in shares of Spotify Technology (NYSE:SPOT) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,781 shares of the company’s stock after selling 1,360 shares during the period. Caprock Group LLC’s holdings in Spotify Technology were worth $3,357,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Quadcap Wealth Management LLC grew its stake in Spotify Technology by 5.7% during the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after buying an additional 16 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in Spotify Technology by 6.3% during the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock worth $201,000 after buying an additional 17 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in Spotify Technology by 2.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after buying an additional 18 shares in the last quarter. Granite Group Advisors LLC boosted its stake in shares of Spotify Technology by 2.6% in the 3rd quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock valued at $528,000 after purchasing an additional 19 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Spotify Technology by 7.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock valued at $181,000 after purchasing an additional 19 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Key Spotify Technology News

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Analyst momentum and pre‑earnings lift: several outlets report SPOT received a near‑term boost (some platforms noted a ~$5 bump) as analysts and platforms highlight upside potential and lifted price targets, lifting investor interest ahead of Q1. Spotify Technology (SPOT) Boosted by $5 Ahead of Upcoming Q1 Report
• Positive Sentiment: Inclusion on lists and sector momentum: SPOT is being cited among top global stocks to watch and as an undervalued European tech name after recent sector rebounds, which can support medium‑term buyer interest. Spotify Technology (SPOT) Boosted by $5 Ahead of Upcoming Q1 Report (InsiderMonkey)
• Neutral Sentiment: Brand and long‑term narrative: CNN’s 20th‑anniversary piece reviews Spotify’s market leadership and industry impact — positive for brand equity but not an immediate stock catalyst. The highs and lows of Spotify’s first 20 years
• Neutral Sentiment: Analyst metric previews: coverage summarizing analyst projections for Q1 (users, subscribers, ad revenue and ARPU) sets expectations — useful for parsing tomorrow’s release but not definitive. Watch paid subscribers and ad revenue beats/misses. What Analyst Projections for Key Metrics Reveal About Spotify (SPOT) Q1 Earnings
• Negative Sentiment: Regulatory headline risk: Texas announced a probe of music streaming platforms, a development cited as driving intra‑day whipsaws for SPOT and increasing short‑term regulatory uncertainty. Texas announces probe of music streaming platforms. Spotify stock whipsaws
• Negative Sentiment: Pre‑earnings caution: coverage highlights Spotify’s mixed surprise history and a negative ESP (expected surprise) cloud for Q1, which raises the chance of a disappointment even if consensus is positive. Spotify Gears Up to Report Q1 Earnings: What’s in the Cards?
• Negative Sentiment: Recent price pressure: SPOT has shown short‑term weakness and recently dipped more than the broader market, suggesting traders are trimming positions into the earnings event. Spotify (SPOT) Dips More Than Broader Market: What You Should Know

Spotify Technology Price Performance

NYSE:SPOT opened at $515.80 on Friday. The firm’s 50 day simple moving average is $499.91 and its 200 day simple moving average is $554.35. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The company has a market cap of $106.19 billion, a PE ratio of 53.51, a P/E/G ratio of 1.15 and a beta of 1.70.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Wednesday, February 11th. The company reported $5.16 EPS for the quarter, topping the consensus estimate of $3.16 by $2.00. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the company earned $1.88 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that Spotify Technology will post 15.54 EPS for the current year.

Insider Activity at Spotify Technology

In related news, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the sale, the chief executive officer owned 20,609 shares in the company, valued at approximately $9,758,773.68. This represents a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Pivotal Research downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating and reduced their price target for the company from $875.00 to $420.00 in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their price target on shares of Spotify Technology from $650.00 to $640.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Moffett Nathanson assumed coverage on shares of Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price target on the stock. Weiss Ratings downgraded shares of Spotify Technology from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $691.21.

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.